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Nonprofiteer
← WELLBEING FOUNDATION AMERICA INC

Form 990 for tax year 2023

Filed by WELLBEING FOUNDATION AMERICA INC.

Totals

Total revenue
$739,897
Total expenses
$1,542,908
Contributions and grants received
$376,202
Grants paid
$0
Program service revenue
$0
Investment income
$363,695
Other revenue
$0
Total assets, end of year
$4,606,555
Total liabilities, end of year
$736
Net assets or fund balances, end of year
$4,605,819
Program services expenses (Part IX)
$1,375,306
Management and general expenses
$118,602
Fundraising expenses
$49,000
Program service expenses (Part III)
$1,375,306

Program services were 89.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $376,202

  • 3 · Investment income

    total $363,695 · related or exempt $363,695

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $4,364 · management and general $4,364

  • 11c · Fees: accounting

    total $13,500 · management and general $13,500

  • 11g · Fees: other

    total $112,685 · program services $14,685 · management and general $49,000 · fundraising $49,000

  • 13 · Office expenses

    total $24,000 · management and general $24,000

  • 16 · Occupancy

    total $37,473 · program services $37,226 · management and general $247

  • 21 · Payments to affiliates

    total $392,000 · program services $392,000

  • 22 · Depreciation, depletion and amortization

    total $1,252 · management and general $1,252

  • 24a · Other expenses: PROJECT CONTRIBUTIONS

    total $905,268 · program services $905,268

  • 24b · Other expenses: PROFESSIONAL DEVELOPMENT

    total $45,390 · program services $25,990 · management and general $19,400

  • 24c · Other expenses: BANK CHARGES

    total $6,814 · management and general $6,814

  • 24d · Other expenses: SUPPLIES

    total $137 · program services $137

  • 24e · All other expenses

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,320,016 · end of year $1,238,411

  • 3 · Pledges and grants receivable

    beginning of year $135,833

  • 4 · Accounts receivable

    beginning of year $77,117 · end of year $58,411

  • 9 · Prepaid expenses and deferred charges

    beginning of year $36,502

  • 11 · Investments: publicly traded securities

    beginning of year $1,076,803 · end of year $1,801,516

  • 12 · Investments: other securities

    beginning of year $1,692,113 · end of year $1,497,784

  • 14 · Intangible assets

    beginning of year $506 · end of year $10,433

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,345 · end of year $736

  • 27 · Net assets without donor restrictions

    beginning of year $2,155,943 · end of year $1,350,676

  • 28 · Net assets with donor restrictions

    beginning of year $3,179,602 · end of year $3,255,143

Mission and programs · 2023

Mission

TO PROMOTE THE MENTAL HEALTH AND WELL-BEING OF PEOPLE THROUGHOUT THE COUNTRY BY CONDUCTING AND FUNDING PROGRAMS TO EDUCATE AMERICANS ON MENTAL WELLNESS ISSUES. THE FOUNDATION WILL DESIGN AND HOLD A VARIETY OF PUBLIC EDUCATIONAL FORUMS, SEMINARS AND "SUMMITS" OPEN TO THE PUBLIC, WITHOUT CHARGE TO THE ATTENDEES, AT LOCATIONS ACROSS THE COUNTRY TO PRESENT LECTURES AND INFORMATION ON MENTAL WELLNESS ISSUES INCLUDING DISTRIBUTING PRINTED MATERIALS OR "KITS" OF INFORMATION AT THE PROGRAMS FOR PEOPLE TO TAKE HOME WITH THEM TO READ AND LEARN FROM.

  • PROMOTION OF MENTAL HEALTH AND WELL-BEING FOR PEOPLE THROUGHOUT THE COUNTRY BY CONDUCTING AND FUNDING PROGRAMS TO EDUCATE PEOPLE ON MENTAL WELLNESS ISSUES.

    Expenses $1,375,306 · Revenue $376,202

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Baum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jimmie William Price III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Barbara Hoskins PhD

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Scott Baker

    CEO

    Total calculated
    $0
    Hours/week
    2

  • Serena Zhang

    CFO

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
1 July 2024
IRS schema version
2023v5.0
Source object
202441879349300014

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